Capital Gains Tax is levied when you dispose of an asset that you own and make a profit. The rates you pay can be quite high – up to 28 per cent of the gain you’ve made, so it is sensible to understand how it works so that you can make use of the allowances that help you to pay less of this tax, resulting in you keeping more of your gains.
Recent research shows that more than a fifth of us has mental health difficulties directly caused by money problems, while the cost-of-living crisis means that many more of us will find that money has an impact on our wellbeing. Here are some ways to help yourself and others by talking about money.
With little time to go before the Self-Assessment tax deadline, it is crucial that if you have not filed your return yet, that you get on with it to avoid a £100 penalty. Here are five tips for completing your tax return as efficiently as possible in these final days.
Whether you are a saver, an investor or someone with a large mortgage (or all three), your finances will be affected by the direction of the Bank of England base rate this year. So, what are rates predicted to do in 2023, and how will it affect your money?
On the bluest day of the year, here’s how to brighten your finances – and your mood. Instead of seeing ‘Blue Monday’ as a day to be feared, why not use the day to brighten up your finances with a few well-chosen decisions: that could improve your life for the rest of the year?
As we make our way into 2023, many of us will be thinking about making New Year’s resolutions. But while many of us think about resolutions that will improve our health or appearance, few of us consider that making financial resolutions could have a huge impact on our wellbeing.
When Jeremy Hunt stood up to deliver the much-anticipated Autumn Budget statement, he flagged the fact that he would have to take difficult decisions. He has outlined several measures that will affect all of our incomes, with many of us paying higher taxes on everything from our income to our capital gains. Here is what will change.
Sometimes it feels like the cost of absolutely everything is going up, and the current inflation rate, running at over ten per cent, seems to bear this out. However, there are still some parts of your household budget where you can bring down your costs. Here are some of the most useful.
The Bank of England raised the Bank Rate by 0.75 percentage points this week, in an attempt to control inflation. We now have the highest base interest rate for 14 years, which will affect all aspects of our financial lives. Here’s what the change might mean for you.
